Jon Huntsman Jr., the former governor of Utah and just recently resigned U.S. Ambassador to China, is officially considering a campaign now that he's left Beijing. But if he listened to his father, the founder of Huntsman chemical corporation, it wouldn't be such a tough decision. "America would fall in love with him," says his billionaire dad. "As his father I think he'd be a wonderful president."

I recently got a chance to chat with Jon Huntsman Sr. about philanthropy. The elder Huntsman, who's 73 years old, famously got rich in the chemicals industry. Thirty years ago his company was hired by McDonalds to make the foam boxes for Big Macs. The corporation has a market value of $5 billion and due to recent stock increases Huntsman's personal wealth has climbed back up above $1 billion despite the fact that he's given away $1.25 billion to a variety of good causes.

Huntsman Sr. had just returned from China when I reached him and was dealing with a cough he picked up from the pollution overseas. His son had been home for three days after finishing up his work as ambassador. I couldn't help but ask about the swirl of news about his oldest son. Here are some of the entrepreneur's thoughts about his son's possible path to the White House.

On Huntsman Jr.'s political career so far:

"When he left Utah as governor he had positive ratings from 80% of Republicans and 80% of Democrats. The state had a AAA credit rating."